VC-backed Green Man Gaming pushes back IPO plans

The business issued a public market announcement that it has pushed back its IPO from the end of September to mid-October.

According to a report in the Daily Telegraph, which cited market sources, Green Man reduced its anticipated valuation from £100m to £70m.

The company has received backing from Eden Ventures, The Creative Capital Fund, Kima Ventures and Atomico. It generated a turnover of £47.5m in 2017, according to publicly available documents, up from £41.5m the previous year. It also generated an operating loss of £825,000 last year following an operating loss of £2.3m in 2016.

Eden is the company's primary shareholder with a 36% stake. It plans to sell down at least 50% of its shareholding, according to the announcement, and potentially up to 100% subject to demand.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• UK / Ireland
• Consumer
• United Kingdom
• IPO